With a 91-year history of innovation, Raytheon is a global leader in providing state-of-the-art electronics, mission systems integration and other capabilities to help government agencies and defense organizations better support mission goals and requirements.
The company’s mission is to be the “most admired defense and aerospace systems company through our world-class people, innovation and technology,” which it is clearly achieving on a daily basis—even in these austere times.
The list of new contract wins for Raytheon in 2013 is very extensive, which is not common for many other government contractors these days.
Raytheon recently announced that it was awarded a $218 million contract by the Missile Defense Agency to complete the assembly and delivery of 29 Standard Missile-3 Block IB missiles. It also just won an $18 million contract from the Defense Threat Reduction Agency (DTRA) for maritime border security in the Philippines.
In addition, the company received an $80.5 million production contract award from the U.S. Navy to procure Joint Standoff Weapon (JSOW) C-1’s. It also won a $126 million contract to develop the M-3 missile, which is designed to destroy incoming short-, medium-, and intermediate-range ballistic missile threats by colliding with them in space.
These contract wins have allowed Raytheon to announce solid quarterly earnings for Q2 2013, with sales up 2 percent from Q2 2012.
[pullquote]”Our world class technology and innovation have positioned us well to meet the global security needs of our customers, and strong program execution drove solid operating performance in the second quarter,” said William H. Swanson, Raytheon’s Chairman and CEO.[/pullquote] “Our world class technology and innovation have positioned us well to meet the global security needs of our customers, and strong program execution drove solid operating performance in the second quarter,” said William H. Swanson, Raytheon’s Chairman and CEO in a recent press release.
Raytheon also manages a highly effective corporate social responsibility program, which includes being recognized as one of the Civic 50 by the National Conference on Citizenship. It is also the title sponsor of the 2013 MATHCOUNTS National Competition, and recently donated $30,000 to Free 2 Teach, a non-profit organization that supplies classroom and educational materials to teachers in Alabama.
For winning significant new contracts in 2013, as well as posting solid earnings and giving back to the community, we are pleased to announce that Raytheon is this week’s “Winning Contractor.” Stay tuned for more posts about contractors proving to be nimble in the face of challenging times in our “Winning Contractor” series.